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11/29/2007 OFHEO: U.S. house prices fall for first time in 13 years
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House prices fell in 21 states during the third quarter, leading to the first quarterly decline in average U.S. home prices in 13 years, according to a government index that excludes transactions involving homes with mortgages above the $417,000 conforming loan limit.
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11/29/2007 Job market may stay sluggish into '08
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A key economic indicator measuring the volume of job ads in major U.S. newspapers dipped one point in October, a sign that the sluggish labor market may continue into spring 2008, The Conference Board reported today.
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11/29/2007 Rates on 'agency-eligible' conforming loans fall
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Rates on adjustable-rate and jumbo mortgages that exceed the $417,000 conforming loan limit continue to climb, even as rates on 30-year fixed-rate mortgages hit lows not seen since March.
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11/29/2007 RE/MAX tests property valuation tools
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RE/MAX International Inc. is testing a free property-valuation tool at its remax.com Web site that is based on a comparison with similar home sales in the same neighborhood.
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11/29/2007 Median price of new U.S. home plunges 13%
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The sales rate for new single-family homes rose in October for the first time since April, but fell about 23.5 percent compared to October 2006, the U.S. Census Bureau and the Department of Housing and Urban Development reported today.
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11/29/2007 Nevada leads U.S. in rate of foreclosures
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Nevada led the nation with a rate of one foreclosure filing for every 154 households in October -- it was the 10th consecutive month that the state topped this list, online foreclosure research company RealtyTrac reported today.
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11/29/2007 Mortgage scheme bilks nearly $30 million from 800-plus victims
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A 71-year-old Pennsylvania man faces up to 30 years in prison after pleading guilty to a federal mail fraud charge stemming from a mortgage finance scheme prosecutors said cheated more than 800 investors out of nearly $30 million.
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11/29/2007 Overnight real estate rates lower
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Long-term mortgage interest rates dropped further Wednesday, and the
benchmark 10-year Treasury bond yield rose to 4.03 percent.
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11/29/2007 Redevelopment and institutional investment in shrunken cities
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Editor's note: After decades of decline, many U.S. cities are showing signs of rebirth. This three-part series examines a little of what happened to pull people and development away from cities, what's attracting them back, how shrewd private investors are spotting trends, and what institutional investment and redevelopment projects have done to bring some cities back to life. (Read Part 1, "Why cities shrink ... and grow," and Part 2, "Local knowledge key for small investors in urban areas.")
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11/29/2007 California's October home sales slide 40%
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The rate of sales for single-family, detached resale homes plummeted 40.2 percent in California in October compared to the same month last year, while the median price dropped 9.9 percent the California Association of Realtors trade group reported Wednesday.
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